Introduction:

In the domain of theoretical model development of the decision making of individual people, it has been a concern of how to deal with the choices under uncertain situations. Traditional theoretical models in this case are normally not directly applicable in terms of the theoretical foundations. In this presentation, I would like to introduce the development of a prospect theoretical model embedded in random utility theory framework and demonstrate how the model is applied in real situations. The model is flexible enough to be extended from several perspectives. An example of shared parking application will be presented to comparatively show the model performance relative to the main stream of choice models.

Lecturer:

Dr.Tao FENG,Professor of Hiroshima University, Japan

Host: Assoc Prof. Wen JIANG

Date:

16th December, 2022 10:30

Event Location:

Tencent Webinar  426 1834 5195  

Tencent Livestream Channel  X-scapeLab